Brazil, Russian Federation, India and China (BRIC) are the emerging and fast growing countries within the airlines industry and had a total market value of $60.8 million in 2010.

Russia was the fastest growing country with a CAGR of 14% over the 2006–10 period.

Within the airlines industry, China is the leading country among the BRIC nations with market revenues of $26.9 million in 2010.

China is expected to lead the airlines industry in the BRIC nations with a value of $47.5, million in 2015.

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Market Definition

The airlines industry comprises passenger air transportation, including both scheduled and chartered, but excludes air freight transport. Industry volumes are defined as the total number of revenue passengers enplaned (departures) at all airports within the country or region, excluding transit passengers who arrive and depart on the same flight code. For the US and Canada, transborder passengers departing from either country are considered as part of the international segment. Industry value is defined as the total revenue obtained by airlines from transporting these passengers. This avoids the double-counting of passengers. All currency conversions in this profile were carried out using constant 2010 average annual exchange rates.